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IAC Key Facts

About IAC
IAC (NASDAQ: IAC) is a leading media and Internet company composed of widely known consumer brands, such as Match, Tinder, PlentyOfFish and OkCupid, which are part of Match Group’s online dating portfolio, HomeAdvisor and Angie’s List, operated by ANGI Homeservices, as well as Vimeo, Dotdash, Dictionary.com, The Daily Beast and Investopedia. The company is headquartered in New York City and has offices worldwide.

History
IAC’s founder and Chairman, Barry Diller, realized decades ago what is commonly known today: that technical leaps in interactivity would revolutionize commerce in record time.

IAC’s unique legacy is thanks to its ability to acquire, create, and assemble high-performing businesses and category leaders, while disrupting massive consumer categories like ticketing, travel and dating – effectively hastening their transition to the online world.

IAC has spawned 10 public companies, including ANGI Homeservices Inc. Match Group, Expedia, TripAdvisor, HSN, Tree, Interval, and Live Nation (formerly Ticketmaster), creating equity value in excess of $47 billion over the course of more than 20 years.

The legacy continues with a new generation of IAC portfolio companies, disrupting everything from how people create videos, discover a plumber, lease a car, or find a job.

Mission and Strategy
We don’t believe in simply agglomerating assets in perpetuity: as entities grow into size and maturity, it’s healthy to give them separation and independence. IAC has built its name by not being reliant on amassing great companies, but on creating them, fostering them, and preparing them to stand on their own.

We are proven to spot winners at any stage, helping both burgeoning companies and established businesses unlock their full potential. We’re a tech company ourselves. We are operators, innovators, product gurus, lawyers, finance experts, marketers and analysts who are running a publicly-traded company. We see our skin as being in the game and we take a long term view when it comes to incubating, investing and growing companies, using our operational expertise to turn upstarts into category killers, repeatedly.

Year Founded
1986 as Silver King Broadcasting Company

Key Executives

Barry Diller, Chairman & Senior Executive

Joey Levin, CEO

Glenn Schiffman, CFO

Mandy Ginsberg, CEO, Match Group

Chris Terrill, CEO, ANGI Homeservices

Anjali Sud, CEO, Vimeo

Adam Roston, CEO, IAC Publishing

Neil Vogel, CEO, Dotdash

David Siegel, CEO, Investopedia

Heather Dietrick, CEO, The Daily Beast

Elizabeth McMillian, CEO, Dictionary.com

Katie Van Den Bos, CEO, Ask Media Group

Tricia Han, CEO, Daily Burn

Timothy Allen, CEO, IAC Applications

Operating Segments
IAC’s core areas of operation are ANGI Homeservices Inc., Match Group, Video, Publishing, and Applications. The company reports revenue in the following segments:

Match Group: Match Group is the world’s leading provider of dating products, with a portfolio of over 45 brands, including Match, OkCupid, Tinder, and PlentyOfFish.

ANGI Homeservices Inc.: A leading nationwide home services digital marketplace, Angle’s List and HomeAdvisor help connect millions of homeowners with home improvement professionals.

Publishing: IAC Publishing brings together some of the web’s most trusted publishers, including premium brands Dotdash, Dictionary.com, Investopedia, and The Daily Beast. The segment also includes Ask Media Group.

Applications: This segment includes direct-to-consumer downloadable desktop and mobile applications, including top iOS developer Apalon.

IAC also feeds its engine with earlier stage investments in its Other Group:

BlueCrew: an on demand marketplace for light industrial jobs

Honcker: an on demand platform for leasing cars

JoyRun: an on demand marketplace for crowdsourced delivery

Employees
7,337 employees worldwide

IAC Q1 2018 Fast Facts

In Q1 2018, IAC revenue was nearly $1 billion, up 31% year-over-year.

IAC operating income was $90 million (up 143% year-over-year) and Adjusted EBITDA was $188.4 million (up 85% year-over-year).

Match Group saw its fastest quarterly growth since the IPO, with revenue growth accelerating to 36% to $407.4 million.

Reporting its second full quarter results as a combined, publicly-traded company (IAC’s 10th), ANGI Homeservices revenue increased 69% to $255.3 million driven by 28% growth of its home services marketplace, a full quarter contribution from Angie’s List, and 52% growth in Europe.

Continuing its trajectory as IAC’s next big bet, Vimeo saw paying subscribers to its growing SaaS video platform increase 13% year-over-year to 901,000 and gross bookings growth accelerated to 29% year-over-year. Vimeo is now on track to generate $125 million in 2018.

IAC Publishing revenue increased 72% to $134.3 million driven in part by Premium Brands’ (which includes Dotdash, The Daily Beast, Dictionary.com and Investopedia) revenue growth accelerating to 49%.